Alvotech Reports Financial Results for First Quarter of 2024 and Provides a Business Update
ALVOAlvotech(ALVO) globenewswire.com·2024-05-22 05:15

Total revenues in Q1 2024 increased to 37millioncomparedto37 million compared to 16 million in the same period last year. Gross margin in Q1 2024 increased to 17million,by17 million, by 40 million compared to the same period last year. Alvotech signed new commercialization agreements for its high concentration interchangeable biosimilar to Humira® in the U.S. and for its proposed biosimilar to Prolia® and Xgeva® in the U.S. and Europe. Alvotech raises topline revenue guidance to 400400-500 million and tightens guidance for bottom line ...